Tranche of the EU will go to the state budget in December – Ministry of Finance

The first tranche of macrophenomena of the European Union will go to the state budget in mid-December, according to the Ministry of Finance of Ukraine.

The first tranche of the fourth program of macro-financial assistance to Ukraine from the European Union in the amount of 500 million euros will arrive in mid-December. On Friday, November 30, reported on the website of the Ministry of Finance.

According to the report, funds will be credited to the state budget.

The Finance Ministry said that the macro-financial assistance is provided in the form of loans. The exact cost of financing will be determined when the output of the European Commission on the external debt market, but will not exceed 2% per annum.

In addition, the Agency reminds that the means of macro-financial assistance is subject to the fulfillment of the preliminary requirements of the EU. The conditions of the first tranche has already been done.

“The EU is helping Ukraine to implement reforms that are critical to our future development and sustainable economic growth. The Ministry of Finance is grateful for this support and today’s decision by the European Commission. It shows that Ukraine’s progress is obvious to our international partners. Our goal is to make the positive effects of the reform visible to every citizen of Ukraine”, – said the Minister of Finance Oksana Markarova.

Earlier, President Petro Poroshenko said that the European Commission approved the allocation to Ukraine the first tranche of macro-financial assistance.

The EU has promised to provide Ukraine tranche as soon as possible

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